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Economic Forecast: More Jobs, Faster Growth

USA Today (02/11/13) Paul Davidson; Barbara Hansen

With gains in the stock market and the housing market, economists surveyed by USA TODAY expect economic growth to pick up steam this summer, with the growth rate for the following nine months to hit a three-year high. Richard Moody, chief economist at Regions Bank, says, “I think we’re really on the verge of this becoming a self-sustaining recovery.” They predict that 171,000 jobs on average will be added each month and that the unemployment rate will slip to 7.5% by the end of the year.